If an asset is sold for book value, the gain on the sale is ...

[maegan_martin]

If an asset is sold for book value, the gain on the sale is composed of two parts: a capital gain and accumulated depreciation.
 
  Indicate whether the statement is true or false

Question 2

________ measures the percentage of profit earned on each sales dollar before interest and taxes but after all costs and expenses.
 
  A) Net profit margin
  B) Operating profit margin
  C) Gross profit margin
  D) Earnings available to common shareholders

[sylvia]

Answer to Question 1

FALSE

Answer to Question 2

B